Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: SoDEX against Ondo Perps+0.069%7-day average +0.014% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.069%, 7d avg +0.014%

Together, before fees−0.092%+ Points / potential airdropOndo Perps: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.054% dearer against Ondo Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SOL-USD.P	116.42	0.0100	pay 0.0013% / 1h	27m 55s	$216K	$877K	10x
Short	SoDEX SOL-USD	116.50	0.0100	get 0.0013% / 1h	27m 55s	$6.1M	$10.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee SoDEXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.014%: $5.43
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$7.57
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SoDEX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 1 min ago	0.43 bp	4.4 bp −$4	4.9 bp −$49	15.7 bp −$1,565	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	−0.0152%	1h	116.52	+0.085%	$98K	$689K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.59	+0.146%	$740.9M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.52	+0.086%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.54	+0.100%	$32.2M	$106.2M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.079%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0025%	1h	116.48	+0.052%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	+0.081%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.58	+0.133%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.49	+0.060%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0021%	1h	116.49	+0.059%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0032%	1h	116.49	+0.058%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.52	+0.086%	$99K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0044%	8h	116.64	+0.193%	$480.4M	$460.6M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.55	+0.107%	$8.0M	$403.9M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0076%	1h	116.57	+0.128%	$26.4M	$21.7M	50x	as long as short
Aster SOLUSDT	+0.0084%	8h	116.59	+0.146%	$176.0M	$171.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	116.51	+0.078%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.53	+0.098%	$1.0M	$552K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.51	+0.078%	$13.0M	$60.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.51	+0.075%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.45	+0.026%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.48	+0.053%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.68	+0.223%	$698.5M	$409.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.55	+0.112%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.61	+0.163%	$968.0M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.64	+0.189%	$368.5M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.Plong	+0.0100%	1h	116.42	long leg	$216K	$877K	10x
Arcus SOL-USD	+0.0100%	1h	116.50	+0.070%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	+0.026%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.60	+0.155%	$846.9M	$669.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.60	+0.155%	$367.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	+0.149%	$130.1M	$232.6M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.59	+0.145%	—	$374.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.58	+0.137%	$23.1M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	+0.038%	$24.8M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.45	+0.022%	$93.5M	$410.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	+0.054%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.54	+0.100%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.077%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	+0.052%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.53	+0.090%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.51	+0.079%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.48	+0.055%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	116.50	+0.069%	$6.1M	$10.9M	20x
HTX SOL-USDT	+0.0100%	8h	116.50	+0.065%	$225.6M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.49	+0.060%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.54	+0.107%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.52	+0.082%	—	$236.9M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.069%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.68	+0.223%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.45	+0.029%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.53	+0.094%	$52.2M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.57	+0.130%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	+0.121%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0499%	1h	116.55	+0.115%	$25K	$57K	20x	as long as short